A brief respite on hopes of US stimulus deal

Wednesday 25th March 2020

Markets reversed a little overnight, with US and European equities rising, oil also on the climb, but the US dollar losing to the Euro and the pound. NAB’s Rodrigo Catril says its probably being driven by encouraging news about a slowdown in the rate of the virus growth in Italy, plus hopes that the US will arrive at a stimulus agreement sometime today. But Phil Dobbie asks, could it just be because Tuesday seems to be more optimistic than any other day of the week – that’s the way it’s played out over the last few weeks.

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